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GlobalCapital China is pleased to invite you to participate in the GlobalCapital China Capital Market Awards 2019. Inaugurated last year under the GlobalRMB banner, the awards celebrate the accomplishments of the leading players in the renminbi debt capital markets, onshore and offshore, as well as key service providers.

Please take a few minutes to cast your confidential vote 11 recently issued euro covered bonds - including those from Caffil, BPCE and Deutsche Kreditbank.

Hedge funds have been accused of backing UK prime minister Boris Johnson in order to profit from a no-deal Brexit through short positions. But the shorts that Crispin Odey’s fund has outstanding in UK companies look to have failed to deliver over the past month, with share prices of companies rising.

If the ECB wishes its new risk free rate €STR to take off in the way that its UK and US cousins have, it must learn lessons from those country’s central banks on how to promote it.

Metro Bank joined Deutsche Bank this week in demonstrating how regulatory debt capital issues drive fears over business sustainability. Will regulators get cold feet and pull back?

An evening at Captain’s Bar always provides me with an endless source of gossip, anecdotes and entertainment. This week proved as reliable as ever, when I took up my perch with my usual glass of whisky.

Landesbank Baden-Württemberg has long held the crown as the top Schuldschein arranger, but even as the market internationalises the Stuttgart-based bank has retained its ability to cope with deal flow, as well as push the market beyond its usual borders.

China’s Star board, the local version of the US Nasdaq, has great potential to highlight the country’s move towards reforming its IPO market — if it’s done right.

Financing a dirty industry to clean up serves a different purpose to keeping a portfolio pure, and appeals to investors with different theories about the economy and the world. It's time for markets to start making the distinction.

Enterprising borrowers are getting creative with green loan targets, so they are better suited to their businesses. While the idea of a company giving itself a financial incentive to boost its sustainability is a good one, the goals companies are setting for themselves are not dissimilar from what they should be doing anyway.

An explosion of international issuance in yen is being accompanied by a re-evaluation of traditional routes of access into Japanese capital markets. Euroyen deals and Tokyo Pro-Bonds are rapidly establishing themselves as viable alternatives to the Samurai bond market. Tyler Davies reports.

An increase in the consumption tax rate will hit Japan’s economy, analysts warn. Alongside a strong yen and global growth fears, this is likely to push the Bank of Japan into further easing measures. With banks creaking under the strain of low rates, Japan’s central bank, under governor Haruhiko Kuroda, will have to concoct a delicate mix of stimuli. Reported by Jasper Cox, ahead of the Bank of Japan’s September meeting